Replying to a tweet about listing of Starlink IPO, Elon Musk said, ‘Going public sooner than that would be very painful’
Any thoughts on Starlink IPO we would love to invest in the future. Any thoughts on first dibs for Tesla retail investors ?
— Tesla in the Gong 🇦🇺🦘🤖🚕 (@TeslaGong) June 23, 2021
He was responding to a question on Twitter, where a user asked: “Any thoughts on Starlink IPO we would love to invest in the future. Any thoughts on first dibs for Tesla retail investors?”
Starlink, a planned network of tens of thousands of satellites in low-earth orbit, aims to offer fast internet speeds globally.
According to the company’s website, Starlink satellites are over 60 times closer to Earth than traditional satellites, resulting in lower latency and the ability to support services typically not possible with traditional satellite internet.
Latency is the time it takes to send data from one point to the next. When satellites are far from Earth, latency is high, resulting in poor performance for activities like video calls and online gaming.
Starlink is ideally suited for areas of the globe where connectivity has typically been a challenge. Unbounded by traditional ground infrastructure, Starlink can deliver high-speed broadband internet to locations where access has been unreliable or completely unavailable.